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US wholesale inventories rise 0.2% in June

ISTANBUL: Wholesale inventories in the US increased 0.2% in June, compared to the previous month, according to Commerce Department figures that were released Wednesday.

The figure, which measures the change in the total value of goods held in invento…

Cryptocurrencies down over 2% despite launch of Ethereum ETFs

ISTANBUL: Cryptocurrencies were down more than 2% Tuesday, despite the launch of Ethereum exchange-traded funds (ETFs) on major US stock exchanges.

The value of the cryptocurrency market stood at $2.4 trillion at 5.11 p.m. EDT, down 2.64% for the day…

US exchanges close lower

ISTANBUL: Major stock exchanges closed Tuesday in the red.

The S and P 500 fell eight points, or 0.16% to 5,555. The index jumped 1.08% on Monday to register its best daily performance since early June.

The Dow, meanwhile, was down 57 points, or 0.1…